Selling or buying a real estate property can be a time demanding task including market prospects, price analysis and financial support, if needed. The amount of time or money put into this kind of research can have a huge emotional and financial impact on you. So here comes the first issue when considering a real estate transaction. Is hiring a real-estate agent worthwhile or not? There are a few reasons in favor of hiring a real estate agent, such as the following: • You can benefit from a real estate agent’s experience and training in assessing the right value of the property you want to sell or in advising you on the real value of a home you are interested to buy or rent. • In selling a home, agents can be more objective and emotionally detached, being able to sometimes make better decisions than you would. Also, a real estate agent knows a bargain when he sees one, knows how to spot out a scam and can help you prevent money loss. • Real estate agents will give their interest in establishing with you a right, reasonable price for your property and afterwards, work really hard to sell it, since their income comes from sales commissions. • In selling your house, the real estate agent can absorb some of your responsibilities, your presence not being necessary at every showing or open-house. Although there are a lot of advantages in hiring a real estate agent, wealth guru Dean Graziosi advices that there can be downsides to this. You have to be sure the agent you are hiring has enough experience, connections in the community where you live or want to buy/rent. Their commissions should be at reasonable range in comparison to other real estate agents in the area. Look at his portfolio to see if he has the best experience about the type of home you own and want to sell or about the types of homes you are interested in. Previous sales pricing should be in the same range for him/her to be able to assess your property at best or advise you in case of overpricing. A final criteria in choosing your real estate agent is the ability to communicate with him/her. This way, there won’t be problems caused by short-notice house views that do not concur with your schedule. You must let your real estate agent know your desires and expectations from the beginning of the collaboration, and evaluate his expertise in order to establish a profitable experience for both sides. Dean Graziosi states that even if it seem easier and most importantly, cheaper to buy/sell/rent a house on your own, take the time to balance the advantages and disadvantages in hiring a real estate agent, that may be better suited for your needs. Do a market research, ask friends, get recommendations and referrals from your friends and family, interview agents that are appreciated in your community and also fit your needs. Do all of these things, but most importantly, take the time to do the research needed for making the best decision about your real estate need and the means to achieve them? America's best-selling investment, business and finance magazine for real estate investors http://personalrealestateinvestormag.com/free-articles
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